Dec. 10 at 9:33 AM
$BORR Arctic Securities recently upgraded Borr Drilling (BORR) to a "Buy," raising its price target to
$6.00 (from
$2.80) due to strong jack-up market momentum, increased day-rate forecasts (to
$145K/day for 2027), and Borr's acquisition of five Noble rigs, significantly improving its market position and outlook. This move reflects confidence in Borr's strategy as it prepares to relist on Euronext Growth Oslo in December 2025, leveraging high rig utilization and increased demand.